The financial services industry faces “a serious and growing ethical crisis,” with more professionals willing to commit insider training and fewer prepared to report them unless they can claim a cash reward for doing so.
The law firm Labaton Sucharow, which has a practice dedicated to representing SEC whistleblowers, presented those findings as part of its second annual U.S. financial services industry survey. From June 18-27, 2013, 250 professionals in the financial services industry – including traders, portfolio managers, investment bankers, hedge fund professionals, financial analysts, investment advisers, and asset managers – took part in the confidential, online survey.
